Facebook is asking for minimum wage of USD15 per hour and 15 paid days leave per year. This is something that Malaysia could follow. All we have now for minimum wage is RM900 per month - there is no minimum number of paid days leave demand.
In Malaysia, the hourly rate is RM4.33 = USD1.22. [Current US minimum Wage 7.25 USD per hour (Jan 1, 2014)], which is about 6 times higher than that of Malaysia.
The price of Big Mac in US is USD4.79 and in Malaysia, it is about USD2.11 - that is about 2.27 times cheaper, so when US Minimum wage is USD 7.25, Malaysian Minimum wage per hour should be USD3.19 (RM11.36) - [Note the The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power, and I used the 2015 figures]
Malaysian Minimum wages is basic wages, excluding any allowances or other payments:-
|MINIMUM WAGES RATE|
(As per the Guidelines on the Implementation of the Minimum Wages Order 2012)
|Number of days worked in a week|
|Sabah, Sarawak and Labuan||RM800||RM3.85||RM30.77||RM36.92||RM46.15|
Facebook Is Wading Into the Minimum Wage Debate in a Huge Way
The company is raising its contractors' minimum wage to $15/hour
Congress to propose bill raising US minimum wage to $12 by 2020
Why did Malaysia Implement a Minimum Wages Policy?
- A study conducted in 2009 showed that 33.8% of workers in the private sector earned less than RM700 per month, relative to the country’s Poverty Line Income (PLI) level of RM800. One of the key goals of the Minimum Wages Policy is to ensure that all employees in Malaysia earn more than the PLI as the country transforms into a high-income nation.
- The implementation of the Minimum Wages Policy supports Malaysia’s ambition to become a high-income nation by setting floor wages for all employees in Malaysia... Source:- http://minimumwages.mohr.gov.my/employees/about-minimum-wages-policy/